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Nonprofit · EIN 87-1501715

CHANNEL 7 FOUNDATION INC

Tax-exempt · NORTH BAY VLG, FL 33141

Financials

$500K$505K2024
Revenue Expenses · by fiscal year end
Financials of CHANNEL 7 FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$500,055$504,665-$4,610$222,383$0$222,383
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$500,000
Interest
$55

Expenses

Grants and similar amounts paid
$483,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$503,765

Balance sheet and other

Total assets, start of year
$226,993
Total assets, end of year
$222,383
Total liabilities, end of year
$0
Net assets, end of year
$222,383
Fair market value of assets
$222,383
Qualifying distributions
$503,765
Net investment income
$55

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ANDREW L ANSIN
1401 79TH STREET CSWY, N BAY VILLAGE, FL 33141
CO-PRESIDENT1.5$0
JAMES L ANSIN
1401 79TH STREET CSWY, N BAY VILLAGE, FL 33141
CO-PRESIDENT1.5$0
ROBIN REITER-FARAGALLI
1401 79TH STREET CSWY, N BAY VILLAGE, FL 33141
SECRETARY1.5$0

Address and contacts

Address (IRS master file)
1401 79TH STREET CSWY, NORTH BAY VLG, FL 33141-4104
In care of
% JAMES L ANSIN
Signed the 990-PF
JAMES ANSIN, CO-PRESIDENT
Phone
(305) 795-2662
Return prepared by
CHERRY BEKAERT ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
87-1501715
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2021
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$222,383
Income (IRS master file)
$500,055

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-PFDecember 2023$500,247$421,916$226,993IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about CHANNEL 7 FOUNDATION INC

What is the EIN of CHANNEL 7 FOUNDATION INC?
The employer identification number (EIN) of CHANNEL 7 FOUNDATION INC is 87-1501715.
Is CHANNEL 7 FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to CHANNEL 7 FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CHANNEL 7 FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of CHANNEL 7 FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHANNEL 7 FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of CHANNEL 7 FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does CHANNEL 7 FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $500,055, expenses of $504,665 and total assets of $222,383 at year end.

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